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TRANSPORTATION: CMA CGM (CMACG; Ba1/BB+) FINAL TERMS

TRANSPORTATION

€200m tap of the new €400m 4.75NC1.75; FINAL TERMS at 101.5 (5.1%)

  • Upsized from €100 at IPT to €150m at talk and now €200m. We assume no net supply/will take down more of the drawn revolver.
  • -0.5pt/-14bps in from IPT, closed yesterday at 102.7/4.7% so has given a 40bp NIC


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€200m tap of the new €400m 4.75NC1.75; FINAL TERMS at 101.5 (5.1%)

  • Upsized from €100 at IPT to €150m at talk and now €200m. We assume no net supply/will take down more of the drawn revolver.
  • -0.5pt/-14bps in from IPT, closed yesterday at 102.7/4.7% so has given a 40bp NIC